As the great wealth transfer occurs over the next few years, many financial advisors will be thinking about allocating some of that into digital currencies, said Michael Sonnenshein, managing director, Grayscale Investments, at the 2020 Inside ETFs conference.
He said there's $68 trillion that's going to be changing hands from baby boomers to millennials and younger generations, and most advisors looking at digital currencies are focused on bitcoin, but they need help with access.
"A lot of advisors want to give their clients exposure to digital currency, but it's difficult for them to figure out where to buy it, how to transfer it, how to store it, how to safekeep it," Sonnenshein said. "So we created a whole family of products for them to access digital currencies."
Grayscale, the world's largest digital currency asset manager with $2.5 billion in assets under management, has 10 funds focused on digital currencies, he said.
